Standard Deduction for 2024 - 2025 - Intuit TurboTax Blog
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Standard Deduction for 2024 - 2025 - Intuit TurboTax Blog
Find out the 2024 and 2025 standard deduction amounts across filing statuses. See how the right deduction approach can boost your tax savings.
Mar 26, 2024
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**Standard Deduction Amounts for Tax Year 2024 📊** The IRS has increased the standard deduction for this tax season! Here’s what you need to know: - **Single/Married Filing Separately:** $14,600 (up $750 from 2023) - **Heads of Household:** $21,900 (up $1,100 from 2023) - **Married Filing Jointly:** $29,200 (up $1,500 from 2023) These increases can lower your taxable income and help maximize your refund. Make sure to choose the deduction that works best for your situation! #Taxes #TaxTips #TaxS
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**Standard Deduction Amounts for Tax Year 2024 📊** The IRS has increased the standard deduction for this tax season! Here’s what you need to know: - **Single/Married Filing Separately:** $14,600 (up $750 from 2023) - **Heads of Household:** $21,900 (up $1,100 from 2023) - **Married Filing Jointly:** $29,200 (up $1,500 from 2023) These increases can lower your taxable income and help maximize your refund. Make sure to choose the deduction that works best for your situation! #Taxes #TaxTips #TaxS
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